How I trade

[beamstas]

I make a point not to post anything similar to what i've seen of Nick. That would be a cheap rip off both of him and what subscribers pay for. All charts are my own analysis, and nothing on here is affiliated with Nick Radge's The Chartist in any way.

Nick offers an in depth analysis of many charts, as well as putting 20+ years of trading experience on the table.

This thread entails charts posted with my own (limited experience) analysis. This analysis is based off what i have learnt from many different people, but it is heavily weighted on what i have learnt off Tech/A.

Alot of people have asked for live charts around this place, and as far as i know this is the only way to post them

If Nick saw in any way this thread impeded on what he offers at The Chartist i would ask this to be removed immediately.

I will not be updating the charts tonight

 

[MRC & Co]

I wasn't implying this IS Nick's analysis.

I was asking if one of the first stops in your learning was at thechartist? (Nothing wrong with it, I learnt a lot there also).

 

[beamstas]

I wasn't implying this IS Nick's analysis.

I was asking if one of the first stops in your learning was at thechartist? (Nothing wrong with it, I learnt a lot there also).

Curtis Arnold
Nick Radge

&

Whatever you call it that tech/a does


I'll update this thread once everything is cleared up. I don't want to be stepping on anyones toes.

Cheers
Brad

 

[MRC & Co]

Havent seen any of those guessing on "The Other side" behind the Cloak of darkness VIP area.

Don't get it?

Beamstas, I'm sure your not stepping on any toes, if their your own set-ups, then that's fine. Just an observation on my behalf.

 

[ColB]

Originally posted by MRC

Jesus, this is like being at the chartist.

Out of interest, you didn't happen to start over there did you?

Couldn't care less where you learnt your craft Brad and I can only speak for myself but I'm guessing a lot of others at ASF follow your thread with a great deal of interest.

You put yourself on the line win lose or draw for all to see.

Good Luck and keep it going.

I look forward to your updated charts TOMORROW

 

[SGB]

You are forgetting to overlay my 36 day moving average on to the chart You'll see

plus your Stochastics

 

[beamstas]

plus your Stochastics

I don't even use a 36 day moving average

I will update the charts later tonight

Cheers
Brad

 

[SGB]

I don't even use a 36 day moving average

I will update the charts later tonight

Cheers
Brad

Why then post it?

 

[tech/a]

He was making a point.

 

[skc]

Curtis Arnold
Nick Radge

&

Whatever you call it that tech/a does


I'll update this thread once everything is cleared up. I don't want to be stepping on anyones toes.

Cheers
Brad

The only thing Brad's copying from the Chartist is the format in which he presents the information. I am sure Mr Radge shouldn't care that much about this. But if he does you can always change the font, the line colours etc... In fact, Radge once said in a seminar that he roams various forums just to see what other's are looking at - and sometimes that give him set up ideas as well.

Well done Brad for a great thread and thanks for sharing your research.

P.S. Tech/A offer education these days?

 

[beamstas]

ASB
7th May: Scratch this one for now. Looks like we can get a better entry in the near future
6th May: No changes in this one yet
5th May: I am expecting the broader market to roll over in the next few days, so i am quite bearish on equities. This one is really asking to be shorted. The price will normally fall out the bottom of a rising wedge in an uptrending market, so we can expect with reasonable probability that the prices should probe lower in the near future. Another thing we really have to stand up and take notice of is the Type-A bearish divergeance, the stock has made a higher high but the divergeance hasn't. This is a prime example of using Stochastics as a trading indicator. We can expect with reasonable probability that the recent high will not be crossed. Another thing i'd like to bring to attention is the Strong Resistance shown at around the $2.70 mark, (if you don't believe me take a look at the weekly chart). I really like this setup, and with a risk of just 14 cents per share it is looking excellent.

BEC
7th May: Well would you look at that. Looks like sellers are liking this one above 17cents. This is because the price managed to break out but was forced back by sellers who were happy enough to exit above 17c. Trade initiated at 17c but i'll keep a close eye on this one in the next few days, in case it tries to come back further.
6th May: No changes for this one yet. Continuing Sideways
5th May: No changes for this one yet
4th May: Nice little pattern with excellent volume traits. I really like yesterdays bar so i will approach this one with an agressive entry. A buy will be triggered if the price moves through $0.17 and i will place a stop loss at $0.145. Not a great deal of liquidity on this one so caution will need to be taken.

IDL
7th May: We have reached 1R (20c-18c=2c)..(20c+2c=22c), so ill move the stop to breakeven now. This one doesn't look like coming back.
6th May: This one is continuing nicely
5th May: Breakout confirmed with higher volume. Low close suggests there are still plenty of sellers. Trade entered at $0.20.
4th May: Volume dropping in a nice triangle. Will buy on a breakout from the top at $0.20 and place a stop loss at $0.18

 

[tech/a]

Tech/A offer education these days?

I get a few copy cats from time to time.
I'm OK with it.

 

[beamstas]

P.S. Tech/A offer education these days?

Nope
But there are many little tid-bits i have picked up from him

Someone doesn't have to "offer education" to learn from them!

Cheers
Brad

 

[beamstas]

Looks like i can't edit my post with charts
I accidently posted the BEC chart twice

here is the IDL one for anyone following

 

[beamstas]

BEC
8th May: Todays bar is a disgrace. "True weakness is shown in upbars" is a quote that comes to mind. Better keep an eye on this!
7th May: Well would you look at that. Looks like sellers are liking this one above 17cents. This is because the price managed to break out but was forced back by sellers who were happy enough to exit above 17c. Trade initiated at 17c but i'll keep a close eye on this one in the next few days, in case it tries to come back further.
6th May: No changes for this one yet. Continuing Sideways
5th May: No changes for this one yet
4th May: Nice little pattern with excellent volume traits. I really like yesterdays bar so i will approach this one with an agressive entry. A buy will be triggered if the price moves through $0.17 and i will place a stop loss at $0.145. Not a great deal of liquidity on this one so caution will need to be taken.



IDL
8th May: Going strong, i like this one
7th May: We have reached 1R (20c-18c=2c)..(20c+2c=22c), so ill move the stop to breakeven now. This one doesn't look like coming back.
6th May: This one is continuing nicely
5th May: Breakout confirmed with higher volume. Low close suggests there are still plenty of sellers. Trade entered at $0.20.
4th May: Volume dropping in a nice triangle. Will buy on a breakout from the top at $0.20 and place a stop loss at $0.18

Account Performance since thread started

Cheers
Brad

 

[johnnyg]

Abit of hindsight trading here Brad, but what do you think about FMG and today's price action. Were you a little bit to aggressive with the stop and didn't give the trade enough room to 'move'?

 

[beamstas]

Abit of hindsight trading here Brad, but what do you think about FMG and today's price action. Were you a little bit to aggressive with the stop and didn't give the trade enough room to 'move'?

No hindsight trading by me so far

But the FMG.. Yes, i was too fast moving my stop up. Missed todays price action.. which is the difference between closing at a $0 position and having $5000 more in unrealised p/l.

We are all great traders in hindsight Im a little ticked off that the price only reached 2.39.. the exact price of my stop.

Here is FMG and the move i missed if anyone is interested



Cheers
Brad

 

[skc]

BEC
8th May: Todays bar is a disgrace. "True weakness is shown in upbars" is a quote that comes to mind. Better keep an eye on this!

Check out the 5th bar in Jan. That up bar was pretty sweet.

Account Performance since thread started

Brad, you trading these for real or just paper? Not that it matters for the purpose of the thread - just like to know that's all.

Abit of hindsight trading here Brad, but what do you think about FMG and today's price action. Were you a little bit to aggressive with the stop and didn't give the trade enough room to 'move'?

I think Johnny was just referring to his own hindsight comment...

 

[beamstas]

Check out the 5th bar in Jan. That up bar was pretty sweet.

That was a bullish bar
Todays bar was bearish
Take a look at the volume!

Brad, you trading these for real or just paper? Not that it matters for the purpose of the thread - just like to know that's all.

I trade them for real
Right now any new reccomendations will not be traded because im in the process of changing brokers!

I think Johnny was just referring to his own hindsight comment...

Yep. Just making sure.

Thanks for the reply skc

Cheers
Brad

 

[johnnyg]

Yep. Just making sure.

Yes of course, I was just referring to self-analyzing what happened after the trade was stopped out.

I'm currently looking into the idea that with each 1R move in my direction I move the stop 1R closer. I'm concerned though that the stop placing will be to aggressive and get me caught up in the 'noise' of the trade.

So much testing to do.....